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pickupchik [31]
2 years ago
8

Explain what debit and credit mean.

Business
1 answer:
xeze [42]2 years ago
6 0

Debits and credits are used in a company’s bookkeeping or or double-entry accounting.

Debits and credits are the bookkeeping entries that balance each other. Debits means all of the money coming into an account, while credits means all of the money going out of an account. When recording a transaction, every debit entry must have a corresponding credit entry of the same amount.

A debit entry is always kept on the left side of an entry. A debit increase asset or expense accounts, and decreases liability, revenue or equity accounts.A credit is always placed on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts.

To learn more about Debits and credits here

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The rule of simplicity states that visual aids ____________.
gulaghasi [49]
 Visual aids<span> can powerfully help the effectiveness of a speech.</span>
The rule of simplicity states that visual aids should clarify, not confuse. <span> A complicated </span>visual aid should not be used in order the speech to be kept simple and understandable. In this direction it is also recommended <span>only key words or phrases to be used.</span>

6 0
3 years ago
Meyer Inc's total invested capital is $610,000, and its total debt outstanding is $185,000. The new CFO wants to establish a tot
valentinak56 [21]

Answer:

b. $150,500  

Explanation:

debit/capital = $185000/$610000

                     = 30%

target debt is 55%

debt/capital = 0.55

let the new debt be Y

Y/$610,000 = 0.55

Y = $335,500

excess debt need by company = $335500 - $185000

                                                    = $150500

Therefore, The debt that the company must add to achieve the target debt to capital ratio is $150500.

5 0
4 years ago
Three months ago, Central Supply stock was selling for $51.40 a share. At that time, you purchased five put options on the stock
oee [108]

Answer:

$4,350

Explanation:

Calculation to determine your net profit or loss on this investment

Net profit = (-$0.60 - $42.70 + $52) × 100 × 5

Net profit= $4,350

Therefore your net profit or loss on this investment is $4,350

7 0
3 years ago
_____ ratios reflect the speed with which resources are converted to cash or sales.
Mekhanik [1.2K]

Activity ratios reflect the speed with which resources are converted to cash or sales.

Option E is correct answer .

Activity ratios :

Activity ratios measure how well a firm uses its assets. They reflect the speed with which resources are converted to cash or sales. A frequently used activity ratio is inventory turnover. The inventory turnover ratio measures the speed with which inventory moves through the firm and is became sales.

What is a high activity ratio?

A high ratio indicates that a corporation is using its total assets very efficiently or that it does not own many assets, to start with. a coffee ratio indicates that too much capital is tied up in assets and that assets are not being used efficiently in generating revenue.

Learn more about activity ratio :

brainly.com/question/25894261

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6 0
2 years ago
If something is 3.30 and price went up at 40 percent how much is the price now
sashaice [31]
It would be 4.62 dollars
4 0
4 years ago
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